Start of Solar Power Generation Business and Addition of Scope 3 to GHG Emission Reduction Targets Open House Group Accelerates Decarbonization Efforts

Open House Group Co., Ltd.
Start of Solar Power Generation Business and Addition of Scope 3 to GHG Emission Reduction Targets Open House Group Accelerates
Decarbonization Efforts

Open House Group Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President: Masaaki Arai; hereinafter referred to as “our company”) has launched a solar power plant with the aim of contributing to the spread of renewable energy as the “Open House Group Decarbonization Project”. We will start the power generation business.
In addition, with the promotion of this project, we would like to inform you that Scope 3 has been added to the scope of our group’s GHG (greenhouse gas) emission reduction target, expanding it to Scope 1, 2, and 3.
[Image 1d24241-249-35233218b5a1590a08ec-4.jpg&s3=24241-249-a20700cc6bca865c46370730d50b9247-3153x2056.jpg
In addition to contributing to the realization of a sustainable society through our business activities, the Group promotes
“sustainability” with the aim of achieving sustainable corporate growth. We promise to take the issue seriously.
In November 2021, along with information disclosure based on the “TCFD (Task Force on Climate-related Financial Disclosures)”
recommendations, we set medium- to long-term GHG (greenhouse gas) emission reduction targets for Scope 1 and 2. In addition, from October 1, 2022, we will introduce a CO2-free power menu that effectively eliminates CO2 emissions from the power used for customers who have purchased detached houses from our group. .
 This time, we have decided to further advance the decarbonization project we have been carrying out so far and start a solar power generation business with the aim of creating electricity derived from renewable energy as a group.
Solar power generation business overview (planned)
Business form: Utilizing a subsidiary (SPC) that operates a solar power plant Portfolio: Nationwide distributed solar power plants (20 locations), all in operation
Panel capacity: 15.4MW
Estimated annual power generation: Approximately 20 million kWh (equivalent to the annual electricity usage of 4,100 ordinary households*1)
Total investment amount: about 6 billion yen (silent partnership investment + non-recourse loan)
Acquisition period: 1st period October 2022, 2nd period December 2022-March 2023 (planned)
Arranger: Mizuho Securities Co., Ltd.
*1 Calculated from the display guidelines (FY2022) of the Japan Photovoltaic Energy Association
An example of a power plant scheduled for acquisition in the first phase [Image 2d24241-249-7116055f6de1f1dc3094-3.jpg&s3=24241-249-d05d7f92c6554acce70c813fec39d98f-3105x1012.jpg
Gunma power plant/Fukushima power plant
green finance
Along with the start of this project, as part of efforts to promote decarbonization projects and thereby contribute to the realization of a sustainable society, a green finance framework (hereinafter referred to as this framework) covering both loans and equity In addition to obtaining a third-party evaluation of this framework from Rating and Investment Information, Inc. (hereinafter referred to as “R&I”), the green loan based on this framework will be evaluated by “R&I Green Bond Assessment”. Acquired the preliminary evaluation of “GA1”, which is the highest evaluation. The outline of the green finance framework formulated by the Group is as follows.
Outline of Green Finance Framework
Funds procured based on this framework will be used for capital investment funds, capital refinancing funds, or renovation funds for the following eligible projects. Eligible projects are defined as projects for which sound business operations can be expected after risk verification in light of our group’s screening criteria.  Eligible Project/Renewable Energy
Use of funds: Acquisition, refinancing, and renovation of existing or planned solar power generation projects (including solar power generation facilities and transmission lines to power plants) In addition, the Group will publish the panel capacity and the amount of CO2 emissions reduced by the eligible projects for the solar power plants acquired based on this framework once a year on the Group’s website.
For details on the second opinion and green rating regarding this framework, please refer to the R&I press release linked below. https://www.r-i.co.jp/rating/esg/greenfinance/index.html
Addition of GHG (greenhouse gas) emission reduction targets
 Based on the current decarbonization efforts, we have set a new Scope 3 reduction target. We will continue to contribute to the realization of a sustainable society by further promoting decarbonization projects.
-GHG (Greenhouse Gas) Emission Reduction Targets-
2030 Scope 1, 2, 3 46% reduction (unit consumption, compared to FY 2018) 2050 Scope 1, 2, 3 Net zero
(Note) Target: Open House Co., Ltd. and the detached house-related business operated by Open House Development Co., Ltd.
Scope1,2,3:
Scope 1 Emissions from business activities of target companies (direct emissions)
Scope 2 Emissions associated with the use of energy supplied by other companies (indirect emissions)
Scope 3 Emissions associated with other business activities (material procurement, indirect emissions such as emissions from housing use after sale)
SDGs that initiatives contribute to
[Image 3d24241-249-4e0f37c4f6f5d6c137f8-2.png&s3=24241-249-93a63092fa306f3af7edaa3ab9bead6d-876x388.png
Goal 7: Affordable and clean energy
Goal 13 “Take concrete action against climate change”
 In order to contribute to the realization of a sustainable society, we will further promote efforts to decarbonize not only the Group but also the entire value chain.
Related Links:
September 1, 2022
“Open House Group Decarbonization Project Announcement of Renewable Energy Electricity ‘Ouchi Link Denki’ Start of Provision”
https://openhouse-group.co.jp/ir/upload_file/tdnrelease/3288_20220829525210_P01_.pdf About Open House Group Co., Ltd.
From January 2022, Open House Co., Ltd. and related companies have transitioned to a holding company structure with Open House Group Co., Ltd. as the pure holding company. The group’s business is centered on detached house-related business, condominium business, profit-earning real estate business, and real estate business in the United States, and develops various services related to housing and living. We have expanded to the Osaka and Fukuoka areas, and in recent years, we have also been focusing on activities for regional co-creation and environmental conservation activities. Since our founding in 1997, our detached house business has been our main business. We have
established an integrated system for manufacturing and sales, from land purchase to construction and sales, to provide housing in convenient locations and at affordable prices. With the increase in dual-income households, we have been promoting initiatives that are unique to the Group, such as locations close to work and home, and plans to meet new needs amidst diversifying work styles. The Group will continue to strive to provide housing that will be chosen by even more customers.
Open House Group Co., Ltd. Website URL: https://openhouse-group.co.jp/ Open House Co., Ltd. Website URL: https://oh.openhouse-group.com/ – company overview –
Trade name Open House Group Co., Ltd.
Head Office Location 12F Marunouchi Building, 2-4-1 Marunouchi, Chiyoda-ku, Tokyo 100-6312
Founded September 1997
Representative Masaaki Arai, President and Representative Director Capital 20,070,080,000 yen
Number of employees (consolidated) 4,080 (as of the end of March 2022) – Contact point for interviews from media related to this matter – Open House Group Co., Ltd. Public Relations Department (person in charge: Nishimura) MAIL: pr@openhouse-group.com
-Investor inquiries regarding this disclosure-
Open House Group Co., Ltd. Management Planning Department (person in charge: Makiyama) TEL: 03-6213-0776
Details about this release:
https://prtimes.jp/main/html/rd/p/000000249.000024241.html


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